Product Launch Date: 15/05/2021
It is a participating/ with-profits endowment plan. It provides annual simple reversionary bonuses, which are vested once declared.
This product offers the following benefits:
• At maturity of policy, Basic Sum assured with accrued bonus will be paid to the insured.
• In case of death immediately after policy commencement but before maturity basic sum assured plus accrued bonus will be paid to the beneficiary of the insured.
| Features | Details |
| Age at entry | 18 years to 70 years |
| Maximum age at maturity | 75 years |
| Policy Term | 5 years to 55 years |
| Sum Assured | Minimum Sum Assured: NRs.25,000 |
| Maximum Sum Assured: Based on the source of income | |
| Premium payment mode | Monthly, Quarterly, Half-Yearly and Yearly |
| Death Benefits | Sum Assured plus Accrued Bonus |
| Maturity Benefits | Sum Assured plus Accrued Bonus |
| Early Surrender/Loan | A loan/ surrender value is payable after the completion of the 3 full policy year and 3 full annual premiums payments |
Additional Riders available in this products are:
The following additional riders are offered to policyholders with additional premiums under this plan:
- Accidental Death Benefit (ADB) Only.
- Accidental Death Benefit, Accidental Total Permanent Disability, Premium Waiver Benefit (ADB, TPD & PWB).
